Friday, October 24, 2008

Breaking News-RTRS-MALAYSIAN PALM OIL HITS 10 PCT LIMIT DOWN ON FALLING CRUDE OIL, HIGH STOCK FEARS

KUALA LUMPUR, Oct 24 - Malaysian crude palm oil futures slumped by its daily 10 percent trading limit on Friday as crude oil posted heavy losses amid fears of a build-up in supplies, traders said.
The benchmark January 2009 contract on the Bursa Malaysia Derivatives Exchange fell 155 ringgit to 1,395 ringgit ($389.9) per tonne.